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Title: The effects of mandatory IFRS adoption and conditional conservatism on European bank values
Authors: Manganaris, Panayotis
Spathis, Charalambos
Dasilas, Apostolos
Type: Article
Subjects: FRASCATI::Social sciences::Economics and Business::Accounting
Issue Date: 2015
Source: Journal of International Accounting, Auditing and Taxation
Volume: 24
First Page: 72
Last Page: 81
Abstract: This study examines the relationship between the value relevance of accounting information and the conditional conservatism of the European banking sector. Using a bank data set from 15 European countries we study the value relevance of accounting information before and after mandatory IFRS adoption, as well as the extent to which conditional conservatism and value relevance coexist in this context. Our findings suggest that conditional conservatism is positively (negatively) related to value relevance prior to (post) mandatory IFRS adoption. This finding validates the IASB's objectives of higher value relevance and lower conservatism. Additional analyses provide evidence that country-specific features not only affect the potential increase in accounting quality, but also the relationship between value relevance and conditional conservatism.
ISSN: 1061-9518
Other Identifiers: 10.1016/j.intaccaudtax.2015.02.004
Appears in Collections:Department of Applied Informatics

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